“Word on the Block”: Lawyer for 11,000 XRP holders pushing to fight SEC in Ripple lawsuit

April 8, 2021. Forkast News.

On Christmas Eve of 2020, attorney John Deaton felt rocked by the United States Securities and Exchange Commission’s lawsuit against Ripple and its two executives — CEO Brad Garlinghouse executive chairman Chris Larsen. As he read that the SEC was charging Ripple for selling unregistered securities worth over US$1.3billion from 2013, his surprise turned to disbelief. As Ripple and SEC intensify their legal warfare, attorney John Deaton and his clients want in. Will XRP investors get their day in court?

Watch the episode of “Word On the Block” here.

Since Chairman Patrick McHenry threatened to SUBPOENA Gary Gensler for NON-COMPLIANCE with Congressional oversight.